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The American Empire in a Changing World



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Friday, June 8, 2012

''Strong-Dollar Fallacy''

From Zeal


''After a shocking upset in Greece’s parliamentary elections, the US dollar surged dramatically.  Soaring 5.4% in May alone, the world’s reserve currency won legions of fans among traders.  “King Dollar” was universally lauded, with everyone jumping on the strong-dollar bandwagon.  But this dazzling strength was merely a short-term phenomenon.  Zoom out a little, and today’s “strong dollar” is a fallacy.''

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